Why do parents underinvest in their children’s education? Evidence from China

IF 1.8 3区经济学 Q2 ECONOMICS

Economics of Education Review Pub Date : 2025-07-08 DOI:10.1016/j.econedurev.2025.102676

Jiyuan Wang , Rob Alessie , Viola Angelini

引用次数: 0

Abstract

In this paper we study whether the presence of financial constraints that limit parents’ ability to borrow and the existence of educational fixed costs can explain the underinvestment of parents in their children’s human capital. We first incorporate these two potential mechanisms into the theoretical model of Raut and Tran (2005) and then we test their empirical relevance using data from the China Health and Retirement Longitudinal Study (CHARLS). Our results support the idea that especially fixed costs play an important role in explaining human capital underinvestment.

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为什么父母对孩子的教育投资不足？来自中国的证据

在本文中，我们研究了限制父母借贷能力的财务约束和教育固定成本的存在是否可以解释父母对子女人力资本的投资不足。我们首先将这两种潜在机制纳入Raut和Tran（2005）的理论模型中，然后使用中国健康与退休纵向研究（CHARLS）的数据检验其实证相关性。我们的研究结果支持了固定成本在解释人力资本投资不足方面发挥重要作用的观点。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics of Education Review Multiple-

CiteScore

3.30

自引率

4.50%

发文量

审稿时长

61 days

期刊介绍： Economics of Education Review publishes research on education policy and finance, human capital production and acquisition, and the returns to human capital. We accept empirical, methodological and theoretical contributions, but the main focus of Economics of Education Review is on applied studies that employ micro data and clear identification strategies. Our goal is to publish innovative, cutting-edge research on the economics of education that is of interest to academics, policymakers and the public. Starting with papers submitted March 1, 2014, the review process for articles submitted to the Economics of Education Review will no longer be double blind. Authors are requested to include a title page with authors'' names and affiliation. Reviewers will continue to be anonymous.